Jan 15, 2021
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About this Deal
If President-elect Joe Biden's economic relief plans get a green light from Congress, more students may be able to return to class, jobless benefits could get a boost, and many low-wage workers will get a raise.
Biden’s $1.9 trillion package, announced Thursday, would be the next phase in a relief rollout meant to ease the effects of the COVID-19 pandemic which has caused more than 385,000 deaths and left millions of Americans unemployed as the nation struggles to contain the novel coronavirus.
Biden's plan builds on a $900 billion relief package passed by Congress in December. He says he will unveil yet another round of measures that intend to help the country rebound from the pandemic during an address to Congress in February.
There is no guarantee that Biden's proposals will be approved. Democrats hold a narrow majority in the House and Senate following the recent Georgia run-off wins of incoming Senators Raphael Warnock and Jon Ossoff. But Biden is hoping there can be agreement across the aisle.
"There's no time to waste,'' Biden said during his remarks Thursday. "We have to act, and we have to act now."
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